Govt okays proposal to roll out project to explore deep ocean for resources

The cost of the mission has been estimated at Rs 4,077 crore over a five-year period and will be implemented in phases

The Union Cabinet on Wednesday approved a proposal to roll out a “deep ocean mission” to search for resources and develop deep-sea technologies. The Cabinet also approved the introduction of the Inland Vessel Bill in Parliament to ensure safe transportation and trade through inland waters.

On the deep sea mission, Union Minister Prakash Javadekar said: “The decision was taken by the Union Cabinet at its meeting chaired by Prime Minister Narendra Modi. This will support the blue economy and take India into a new era.”

The cost of the mission has been estimated at Rs 4,077 crore over a five-year period and